The Firm, the Market, and the Law

Few other economists have been read and cited as much as R.H. Coase, a scholar who approached economics as a philosopher: with contemplation, careful scrutiny of real conditions and consideration of the practical implications of theory.

"These essays bear rereading. Coase's careful attention to actual institutions not only offers deep insight into economics but also provides the best argument for Coase's methodological position. The clarity of the exposition and the elegance of the style also make them a pleasure to read and a model worthy of emulation."--Lewis A. Kornhauser, Journal of Economic Literature more

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Recent Reviews

4/5: From: Amazon; Posted: Apr-07-2008; New Institutional Economics; The essays in this book are the foundation for New Institutional Economics. Coase arrived at a simple explanation for institutions: transaction costs. In 1937 Coase argued that organizations exist because of high transaction costs, or...; read full review | report as inappropriate

4/5: From: Amazon; Posted: Mar-05-2008; The Brilliance of Ronald Coase...; Ronald Coase is a fantastic economist. He writes with great lucidity and a confidence which suggests to the reader that his arguments "fall into the category of truths which can be deemed self-evident" (page 1). Coase's principal aim...; read full review | report as inappropriate

4/5: From: Amazon; Posted: Aug-30-2006; Comentario del prof. Gonz?lez V?zquez; Se trata de un libro cl?sico, imprescindible en un primer acercamiento a la perspectiva del an?lisis econ?mico del derecho de sociedades.; read full review | report as inappropriate

4/5: From: Amazon; Posted: Jul-24-2006; Fifty years of Coase; A wonderful enrichment of Coase's seminal "The Nature of the Firm" with essays by Coase himself that explicate clearer the background that lead to his development of that theory as well as his reflections fifty years later that add...; read full review | report as inappropriate

Selected Reviews

4/5: From: Amazon; Posted: Apr-07-2008; New Institutional Economics; The essays in this book are the foundation for New Institutional Economics. Coase arrived at a simple explanation for institutions: transaction costs. In 1937 Coase argued that organizations exist because of high transaction costs, or...; read full review | report as inappropriate